Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$192,300$192,300$250,200
Remaining term (yrs)21.721.730.0
Secondary amount$0$57,900$0
Funding fee$0$0$0
Note rate4.660%4.660%7.320%
Blended rate5.510%6.318%7.560%
1st payment$1,170.91$1,170.91$1,718.70
2nd payment$0.00$434.25$0.00
Taxes / mo$144.00$144.00$144.00
Insurance / mo$150.00$150.00$150.00
MI / mo$160.66$160.66$50.04
HOA / mo$360.00$360.00$360.00
Total monthly$1,985.57$2,419.82$2,422.74
Cash to close$85,700$27,800$27,800